The Bank of Punjab, Treasury is an active player in Money Markets, Foreign Exchange and Islamic Treasury. Our everyday business revolves around participation in Foreign exchange and Money Markets in a substantial volume.
Foreign Exchange
Foreign Exchange dealing desk deals with different currencies in inter-bank market from liquidity management perspective. Every day we offer competitive exchange rates for various currencies against PKR.
FX products
Our daily Foreign Exchange products range as follows: -
1. Ready / Spot dealing.
2. Forward dealing.
3. SWAPS.
Money Market
Money market comprises all sorts of deals with local currency in inter-bank / NBFI market in Pakistan. Money market desk lends and borrows a sizeable amount for liquidity management and arbitrage in a lucrative manner. Money market of the bank deals with:-
1. Overnight (call) lending and borrowing with Banks and NBFIs
2. Term placement with Banks and NBFIs
3. REPO/Reverse REPO of govt. securities with central bank and other financial institutions.
4. Investment and Trading in Treasury Bills and Pakistan Investment Bonds.
5. Investment and Trading in Corporate Investment Bonds.
Treasury Sales
Treasury Sales endeavors to serve the corporate clients with the best available product from a wide range of alternatives. Product variety offered to clients varies from spot foreign exchange sales to structured products to hedge future exposures. We aim to offer tailor-made products to our customers designed according to their risk appetite.
For corporate client we offer Investor Portfolio Services (IPS) Account of Customers for holding on their behalf Treasury Bills, Pakistan Investment Bonds. The Bank of Punjab, Treasury is well equipped with skilled human resources for efficient dealing. It also provides in-depth research to our internal and external clients for practical insight to economy and the markets.
Primary Dealer
The Bank of Punjab (BOP) has the most active treasury in Pakistan and holds the designation of Primary Dealer (PD). BOP has been essential in the development of Primary and Secondary GoP Debt Market. Under the Primary Dealership System, only PDs can participate in the primary auctions of Treasury Bills (T-Bills) and Pakistan Investment Bonds (PIBs) conducted by the State Bank of Pakistan. Our dynamic team provides competitive pricing in the Secondary Market which includes trading with other PDs, Non-PD Banks and NBFIs. As a Primary Dealer, we offer IPS account facility and other opportunities to our corporate and retail clients.
Islamic Treasury
Islamic Treasury has been set up to make investments in Shariah compliant Treasury products, as approved by the bank’s Shariah Board and towards Liquidity & Foreign exchange management under laid down Shariah guidelines and meeting all regulatory Reserve Requirements.
The Desk generates Halal income through Money Market activities by Investing in GOP IJARA SUKUK and placements in Musharakah/ Wakala/ Mudarabah modes.
Contact Details:
TREASURER
Telephone Direct : :021-35243450
Telephone PABX : : 021-35270636-46 (Ext. 227)
Fax No : 021-35243453
DEALING ROOM / FRONT OFFICE:
Email : treasury@bop.com.pk
HEAD INTERBANK:
Telephone Direct : 021-35243449
Telephone Direct : 021-35270624-46 (Ext. 207)
Money Market desk
Telephone Direct : 021-35243449
Telephone PABX : 0213-5270631-35 (Ext. 210,212 & 216)
Fax No : 0213-5243453
Forex desk
Telephone Direct : 021-35243450
Telephone PABX : 021-35270636-46 (Ext. 217,219)
Fax No : 0213-5243453
Treasury Sales
Telephone Direct : :021-35243479, 021-35243452
Telephone PABX : 021-35270636-46 (Ext. 217,219)
Fax No : 021-35243453
Asset Liability Management desk
Telephone Direct : 021-35243449
Telephone PABX : 021-35270636-46 (Ext. 218)
Fax No : 021-35243453
Taqwa Islamic Banking -Treasury
Telephone PABX : 021-35270631-35 (Ext. 214)
Fax No : 021-35243453
Treasury Back office
Telephone Direct : 021-35270648-76
Fax No : 021-35243478
Email : trops@bop.com.pk@bop.com.pk (Money Market)
Email : bofxtry@bop.com.pk (Forex)